Cost-push inflation
What Cost-push inflation means in Economics GCSE, as defined for AQA.
Definitions of Cost-push inflation
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Reference: AQA
Happens when the costs of production for firms increase, and they pass these higher costs onto consumers as higher prices.
Happens when firms face rising production costs, which they pass on to consumers in the form of higher prices.
Topics that use Cost-push inflation
- Inflation and price stability (AQA GCSE)
Related terms
- Aggregate demand
- Consumer Price Index (CPI)
- Consumer Prices Index
- Demand-pull inflation
- Fiscal policy
- Index numbers
- Inflation
- International competitiveness
Using Cost-push inflation in the exam
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